Ulrich Leuchtmann at Commerzbank said in a note he expected the dollar to rise “like a phoenix”. He said low US interest rates were not a burden on the dollar but an attraction, proof that the Federal Reserve was able to react quicker to turmoil than other central banks.
He said that in a very short period, “sentiment turned by 180 degrees – the market now believes that the US economy once again will be able to leave a crisis behind very quickly”.
http://www.ft.com/cms/s/0/46500de6-6702 … fd18c.html
Meanwhile, gas prices fell for the 24th day.
http://www.upi.com/Business_News/2008/0 … 218405881/
Also, http://www.businessweek.com/the_thread/ … dicti.html
All in all, see my sig.
He said that in a very short period, “sentiment turned by 180 degrees – the market now believes that the US economy once again will be able to leave a crisis behind very quickly”.
http://www.ft.com/cms/s/0/46500de6-6702 … fd18c.html
Meanwhile, gas prices fell for the 24th day.
http://www.upi.com/Business_News/2008/0 … 218405881/
Also, http://www.businessweek.com/the_thread/ … dicti.html
All in all, see my sig.